Wheels India infuses €50,000 into European subsidiary

Chennai-based Wheels India has infused €50,000 in WIL Europe GmbH, its new wholly-owned European subsidiary, which is currently in the process of incorporation and is yet to commence operations. The new entity is intended to expand and develop business activities in Europe.

It will be engaged in “automotive / non-automotive related activities and services,” Wheels India said in an exchange filing on Saturday. It will also undertake supply chain management and other allied services

The investment is made through cash consideration and comprises 50,000 equity shares of face value of Euro 1 each.

The transaction is classified as a related party transaction but has been carried out on an arm’s length basis. Additionally, the promoters of Wheels India do not hold any interest in the newly formed entity, the company said in the exchange filing.

WIL Europe GmbH will be based in Germany and its incorporation is subject to regulatory approvals.

Published on July 12, 2025